Jun. 5, 2012 (China Knowledge) - Jiangxi Provincial Water Conservancy Investment Group Corp has announced plans to issue RMB 1 billion worth of unsecured bonds with a maturity of seven years in the interbank market starting from Jun. 5 to Jun. 11.

The issuer has option to increase coupon rate and redeem the bonds at the fifth year.

Coupon rate will be 5.60% in the first five years. Both value date and payment due date is set on Jun. 5.

Proceeds from the issue will be used to repay bank loans and replenish working capital, said the issuer.